Swing Strategy: Big dip buy and hold (earnings winners only)
Current Sentiment:
Bullish consolidation. The market seems to have bottomed and slightly bullish. We may be in for more of the same as it tries to continue its breakout.
Bullish consolidation. The market seems to have bottomed and slightly bullish. We may be in for more of the same as it tries to continue its breakout.
WATCHLIST
Call Option: These are all recent earnings winners that are set to breakout.
AEGR - is squeezing more shorts as it hangs about 74 for supp and is set to make another move esp if market continues bullishness. This is a potential buy as early as today
WAGE - is bottoming off ema50 and could rebound from here. shoulda bought calls at the ema50 but I will look for the 32 breakout instead.
WAGE - is bottoming off ema50 and could rebound from here. shoulda bought calls at the ema50 but I will look for the 32 breakout instead.
Long Stock:
EAC - is behaving just as I called it, bottoming at 24 and spiking thru res in the 26s. Now it has no res til 28 then 30. I sold into the big run as i said i would. Still a potential rebuy when it patterns to b/o into new 52wk highs.
HNR - is an earnings winner that i'm watching. The chart is nothing to be excited about but it has 20% shares short which could squeeze into a rebound. I am only interested in a 4.0 b/o but I may scalp on the way.
IMMU - is a recent earnings winner that has been moving on momentum and could spike more in the short and medium term. It's a bit extended so I wouldn't be too quick to buy and hold as it could dip if it fails supp at 4, but there is key supp at 3.9.
RFIL - is a former earnings winner that I've been watching since earnings back in March. It has finally repatterned for another breakout move into all-time highs as early as this week. 7.1/7.2 is key res zone.
EAC - is behaving just as I called it, bottoming at 24 and spiking thru res in the 26s. Now it has no res til 28 then 30. I sold into the big run as i said i would. Still a potential rebuy when it patterns to b/o into new 52wk highs.
HNR - is an earnings winner that i'm watching. The chart is nothing to be excited about but it has 20% shares short which could squeeze into a rebound. I am only interested in a 4.0 b/o but I may scalp on the way.
IMMU - is a recent earnings winner that has been moving on momentum and could spike more in the short and medium term. It's a bit extended so I wouldn't be too quick to buy and hold as it could dip if it fails supp at 4, but there is key supp at 3.9.
RFIL - is a former earnings winner that I've been watching since earnings back in March. It has finally repatterned for another breakout move into all-time highs as early as this week. 7.1/7.2 is key res zone.
Short Stock:
BIOD - Is now down 70cents from my alert when it topped at 4.9. Under 4.3 key res, this has 50cents more potnetial dowside. I'm taking a risky o/n position short at 4.25 (just 400shares) as Monday's are known for PR/news, however without PR/new the rewards are pretty good.
NVTL - this stock is crap and spiking without news or any catalyst besides a slight earnings growth. This is mid-breakout so i wouldnt short too soon. It could spike as high as 5 before topping but is scalpable along the way on both the short and long side.. I am short-biased but will buy any perfect breakouts for scalps.
Abbreviations:
q2q- quarter-to-quarter
res - resistance
supp - support
b/o - breakout
scalp - to enter/exit a trade relatively quickly and for small gains.
scalp - to enter/exit a trade relatively quickly and for small gains.
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